CHAPTER 2. Definitions [53050. - 53062.]
Chapter 2 added by Stats. 1981, Ch. 1033.
§§ 53050–53062 · 7 sections
- § 53050 Unless the context otherwise requires and so stipulates, the definitions provided in this chapter shall govern construction of this part.
- § 53052 “Corporation” means the Solar and Energy Conservation Mortgage Corporation, also known as “Sunny Mac,” created by this part.
- § 53054 “Energy conservation measure” means any one or more of the following: (a) A device, system, or design that utilizes solar energy or wind power for water…
- § 53056 “Financial institution” means any commercial bank, trust company, savings and loan association, credit union, insurance company, industrial loan company,…
- § 53058 “Financing” means to lend money for the purpose of purchasing, leasing, installing, or constructing energy conservation measures.
- § 53060 “Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the…
- § 53062 “Structural improvements” means alterations or additions to a designated building intended to enhance energy conservation and efficiency of building space…